Market Summary
USD68.26-0.90
Market Closed-1.30%
MSEX Stock Price
MSEX RSI Chart
MSEX Valuation
MSEX Price/Sales (Trailing)
MSEX Profitability
MSEX Fundamentals
MSEX Revenue
MSEX Earnings
Price Action
52 Week Range
66.5195.82
(Low)(High)
Last 7 days
-6.2%
Last 30 days
-11.7%
Last 90 days
-15.6%
Trailing 12 Months
-19.6%
MSEX Financial Health
MSEX Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for MSEX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-06-13 | Capko Robert John | sold | -24,220 | 81.55 | -297 | pao/controller |
2023-06-01 | REINHARD WALTER G | sold | -45,964 | 79.8 | -576 | - |
2023-03-31 | Hanemann Kim C | acquired | 44,997 | 78.12 | 576 | - |
2023-03-31 | NOBLE ANN L. | acquired | 44,997 | 78.12 | 576 | - |
2023-03-31 | McKoy Vaughn L | acquired | 44,997 | 78.12 | 576 | - |
2023-03-31 | Cosgrove James F. Jr. | acquired | 44,997 | 78.12 | 576 | - |
2023-03-31 | REINHARD WALTER G | acquired | 44,997 | 78.12 | 576 | - |
2023-03-31 | Mansue Amy B. | acquired | 44,997 | 78.12 | 576 | - |
2023-03-31 | Klein Steven M | acquired | 44,997 | 78.12 | 576 | - |
2023-03-31 | Bershad Joshua | acquired | 44,997 | 78.12 | 576 | - |
Which funds bought or sold MSEX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | unchanged | - | 99.00 | 3,146 | -% |
2023-09-07 | ST GERMAIN D J CO INC | new | - | 107,439 | 107,439 | 0.01% |
2023-08-24 | Alberta Investment Management Corp | new | - | 214,394 | 214,394 | -% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 14.03 | 127,697 | 847,953 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -2.61 | 9,550 | 1,724,750 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 5.73 | 39,000 | 460,000 | -% |
2023-08-16 | Nuveen Asset Management, LLC | added | 64.58 | 2,724,900 | 6,620,900 | -% |
2023-08-15 | ALLIANCEBERNSTEIN L.P. | reduced | -1.51 | 33,869 | 2,035,620 | -% |
2023-08-15 | GOLDMAN SACHS GROUP INC | reduced | -82.2 | -14,287,000 | 3,217,610 | -% |
2023-08-15 | Belpointe Asset Management LLC | sold off | -100 | -52,218 | - | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of Middlesex Water
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 14, 2023 | price t rowe associates inc /md/ | 0.1% | 10,529 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 8.07% | 1,424,068 | SC 13G/A | |
| Jan 26, 2023 | blackrock inc. | 14.6% | 2,569,008 | SC 13G/A | |
| Jan 20, 2023 | blackrock inc. | 14.6% | 2,569,008 | SC 13G/A | |
| May 10, 2022 | state street corp | 10.24% | 1,798,210 | SC 13G | |
| Feb 14, 2022 | price t rowe associates inc /md/ | 8.6% | 1,509,295 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 7.38% | 1,290,969 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 15.7% | 2,746,370 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 15.7% | 2,746,370 | SC 13G/A | |
| Aug 09, 2021 | blackrock inc. | 16.8% | 2,940,288 | SC 13G/A |
Recent SEC filings of Middlesex Water
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 01, 2023 | 8-K | Current Report | |
| Jul 28, 2023 | 8-K | Current Report | |
| Jul 28, 2023 | 10-Q | Quarterly Report | |
| Jul 25, 2023 | 424B5 | Prospectus Filed | |
| Jul 20, 2023 | 8-K | Current Report | |
| Jun 15, 2023 | 4 | Insider Trading |
Peers (Alternatives to Middlesex Water)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
NEE | 135.4B | 26.9B | 0.40% | -21.00% | 16.72 | 5.03 | 54.09% | 213.91% |
SO | 76.3B | 27.7B | 5.31% | -6.82% | 26.22 | 2.76 | 6.94% | 1.01% |
DUK | 72.0B | 29.0B | 5.29% | -8.82% | 53.79 | 2.48 | 9.50% | -63.85% |
AWK | 26.0B | 4.0B | -0.21% | -5.22% | 29.13 | 6.43 | 5.91% | -31.18% |
NI | 11.2B | 5.9B | 4.75% | -3.51% | 15.92 | 1.91 | 7.85% | -2.88% |
WTRG | 9.6B | 2.3B | 0.65% | -18.83% | 20.64 | 4.18 | 12.59% | 3.92% |
| MID-CAP | ||||||||
PNW | 8.9B | 4.5B | 2.34% | 9.83% | 21.02 | 1.96 | 15.02% | -25.26% |
NRG | 8.7B | 30.4B | 5.48% | -8.42% | -4.25 | 0.29 | 5.56% | -159.74% |
AWR | 3.0B | 579.2M | -3.86% | -3.79% | 25.53 | 5.17 | 19.53% | 41.87% |
CWT | 2.8B | 792.4M | -4.49% | -15.83% | 44.61 | 3.53 | -2.08% | -27.40% |
SJW | 2.0B | 641.5M | -4.91% | -0.74% | 22.44 | 3.09 | 10.61% | 68.66% |
| SMALL-CAP | ||||||||
GWRS | 239.8M | 49.1M | -6.91% | -17.18% | 35.71 | 4.88 | 13.05% | 38.74% |
PCYO | 229.2M | 22.1M | -16.72% | 6.62% | 24.87 | 10.38 | 84.27% | 56.82% |
CDZI | 217.1M | 2.1M | -7.12% | 22.83% | -6.97 | 100.98 | 251.88% | -23.96% |
MSEX | 1.2M | 167.5M | -11.66% | -19.59% | 0.03 | 0.01 | 11.84% | -6.17% |
Middlesex Water News
Returns for MSEX
Cumulative Returns on MSEX
15%
10-Year Cumulative Returns
11.8%
7-Year Cumulative Returns
8.5%
5-Year Cumulative Returns
4.6%
3-Year Cumulative Returns
Risks for MSEX
What is the probability of a big loss on MSEX?
31.5%
Probability that Middlesex Water stock will be more than 20% underwater in next one year
15.8%
Probability that Middlesex Water stock will be more than 30% underwater in next one year.
0%
Probability that Middlesex Water stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does MSEX drawdown profile look like?
Y-axis is the maximum loss one would have experienced if Middlesex Water was unfortunately bought at previous high price.
Drawdowns
Financials for Middlesex Water
Income Statement (Last 12 Months)(In Thousands)
| Income Statement (Last 12 Months) | (In Thousands) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 1.9% | 167,512 | 164,394 | 162,434 | 157,636 | 149,778 | 146,796 | 143,141 | 143,742 | 143,788 | 142,364 | 141,592 | 139,704 | 137,553 | 135,669 | 134,598 | 135,128 | 136,072 | 137,598 | 138,077 | 136,265 | 133,726 |
| Operating Expenses | 2.1% | 124,631 | 122,094 | 120,333 | 117,343 | 114,636 | 111,928 | 109,930 | 108,539 | 106,832 | 105,837 | 104,172 | 103,058 | 102,101 | 100,652 | 99,078 | 100,014 | 100,023 | 99,778 | 100,935 | 98,012 | 95,790 |
| EBITDA | -100.0% | - | 75,984 | 82,511 | 80,392 | 73,980 | 72,837 | 65,968 | 62,462 | 63,741 | 63,462 | 62,637 | 61,254 | 58,642 | 56,710 | 55,244 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.46* | 0.51* | 0.51* | 0.49* | 0.50* | 0.46* | 0.43* | 0.44* | 0.45* | 0.44* | 0.44* | 0.43* | 0.42* | 0.41* | - | - | - | - | - | - |
| Interest Expenses | 8.7% | 10,994 | 10,112 | 9,367 | 8,778 | 8,524 | 8,225 | 8,114 | 7,881 | 7,686 | 7,562 | 7,493 | 7,801 | 7,891 | 7,733 | 7,264 | 6,813 | 6,540 | 6,820 | 6,758 | 6,470 | 6,240 |
| Earnings Before Taxes | -0.3% | 39,744 | 39,847 | 45,669 | 43,759 | 37,911 | 37,550 | 31,055 | 32,351 | 34,608 | 33,874 | 34,306 | 33,484 | 31,670 | 30,827 | 30,748 | 31,099 | 32,273 | 33,986 | 33,376 | 34,325 | 33,827 |
| EBT Margin | -100.0% | - | 0.24* | 0.28* | 0.28* | 0.25* | 0.26* | 0.22* | 0.23* | 0.24* | 0.24* | 0.24* | 0.24* | 0.23* | 0.23* | 0.23* | - | - | - | - | - | - |
| Net Income | 2.9% | 37,231 | 36,198 | 42,429 | 42,496 | 39,681 | 41,736 | 36,543 | 37,613 | 38,874 | 37,664 | 38,425 | 38,189 | 36,571 | 35,004 | 33,888 | 32,810 | 33,981 | 34,510 | 32,452 | 30,804 | 26,156 |
| Net Income Margin | -100.0% | - | 0.22* | 0.26* | 0.27* | 0.26* | 0.28* | 0.26* | 0.26* | 0.27* | 0.26* | 0.27* | 0.27* | 0.27* | 0.26* | 0.25* | - | - | - | - | - | - |
| Free Cashflow | 100.0% | - | -35,863 | -29,974 | -25,441 | -26,807 | -36,896 | -48,632 | -46,957 | -48,670 | -43,567 | -41,023 | -44,383 | -49,370 | -54,197 | -45,573 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 2.6% | 1,128 | 1,099 | 1,074 | 1,065 | 1,038 | 1,074 | 1,020 | 1,030 | 1,015 | 986 | 976 | 960 | 951 | 935 | 910 | 887 | 808 | 783 | 768 | 753 | 730 |
| Current Assets | 2.7% | 41.00 | 40.00 | 37.00 | 41.00 | 39.00 | 33.00 | 34.00 | 41.00 | 37.00 | 31.00 | 34.00 | 38.00 | 44.00 | 40.00 | 29.00 | 35.00 | 32.00 | 30.00 | 31.00 | 35.00 | 31.00 |
| Cash Equivalents | -10.0% | 4.00 | 5.00 | 4.00 | 3.00 | 4.00 | 3.00 | 4.00 | 5.00 | 6.00 | 4.00 | 10.00 | 28.00 | 42.00 | 53.00 | 46.00 | 57.00 | 4.00 | 7.00 | 6.00 | 4.00 | 3.00 |
| Current Liabilities | -8.8% | 88.00 | 96.00 | 118 | 93.00 | 79.00 | 60.00 | 57.00 | 92.00 | 81.00 | 66.00 | 57.00 | 85.00 | 84.00 | 81.00 | 65.00 | 103 | 103 | 93.00 | 94.00 | 94.00 | 82.00 |
| Long Term Debt | 6.0% | 367 | 346 | 306 | 307 | 311 | 311 | 306 | 270 | 277 | 277 | 277 | 238 | 242 | 238 | 234 | 232 | 174 | 168 | 163 | 151 | 151 |
| LT Debt, Current | 0.1% | 17.00 | 17.00 | 17.00 | 8.00 | 8.00 | 7.00 | 17.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| LT Debt, Non Current | 6.3% | 350 | 330 | 290 | 301 | 305 | 307 | 290 | 266 | 273 | 273 | 273 | 234 | 238 | 235 | 231 | 228 | 164 | 158 | 153 | 141 | 142 |
| Shareholder's Equity | 2.0% | 411 | 403 | 400 | - | 386 | 378 | 368 | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Retained Earnings | 2.6% | 172 | 168 | 167 | 166 | 157 | 153 | 167 | 144 | 137 | 131 | 129 | 125 | 117 | 112 | 109 | 105 | 98.00 | 94.00 | 91.00 | 88.00 | 80.00 |
| Shares Outstanding | - | 0.00 | - | - | 18.00 | 18.00 | 18.00 | - | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 17.00 | 16.00 | 16.00 | 16.00 | 16.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 0.7% | 64.00 | 63.00 | 61.00 | 59.00 | 45.00 | 38.00 | 33.00 | 35.00 | 47.00 | 47.00 | 53.00 | 50.00 | 45.00 | 45.00 | 36.00 | 36.00 | 38.00 | 45.00 | 46.00 | 47.00 | 42.00 |
| Share Based Compensation | 21.1% | 2.00 | 2.00 | 2.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Cashflow From Investing | -3.4% | -102 | -99.22 | -88.21 | -80.95 | -69.10 | -70.85 | -79.38 | -96.08 | -106 | -102 | -105 | -98.69 | -98.84 | -101 | -89.12 | -83.80 | -79.42 | -74.41 | -72.09 | -64.65 | -57.51 |
| Cashflow From Financing | 3.9% | 39.00 | 37.00 | 27.00 | 20.00 | 22.00 | 32.00 | 39.00 | 38.00 | 24.00 | 7.00 | 16.00 | 20.00 | 92.00 | 104 | 94.00 | 99.00 | 39.00 | 34.00 | 25.00 | 20.00 | 17.00 |
| Dividend Payments | 2.1% | 22.00 | 21.00 | 21.00 | 20.00 | 20.00 | 20.00 | 19.00 | 19.00 | 19.00 | 18.00 | 18.00 | 18.00 | 17.00 | 17.00 | 16.00 | 16.00 | 16.00 | 15.00 | 15.00 | 15.00 | 14.00 |
MSEX Income Statement
2023-06-30CONDENSED CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Operating Revenues | $ 42,801 | $ 39,683 | $ 80,957 | $ 75,879 |
| Operating Expenses: | ||||
| Operations and Maintenance | 21,204 | 19,557 | 41,462 | 38,695 |
| Depreciation | 6,184 | 5,670 | 12,170 | 11,292 |
| Other Taxes | 4,744 | 4,368 | 9,168 | 8,512 |
| Total Operating Expenses | 32,132 | 29,595 | 62,800 | 58,499 |
| Gain on Sale of Subsidiary | 5,232 | |||
| Operating Income | 10,669 | 10,088 | 18,157 | 22,612 |
| Other Income: | ||||
| Allowance for Funds Used During Construction | 852 | 548 | 1,665 | 926 |
| Other Income | 1,290 | 1,396 | 2,188 | 2,773 |
| Total Other Income | 2,142 | 1,944 | 3,853 | 3,699 |
| Interest Charges | 3,251 | 2,369 | 5,846 | 4,219 |
| Income before Income Taxes | 9,560 | 9,663 | 16,164 | 22,092 |
| Income Taxes Expense (Benefit) | (341) | 795 | 397 | 1,124 |
| Net Income | 9,901 | 8,868 | 15,767 | 20,968 |
| Preferred Stock Dividend Requirements | 30 | 30 | 60 | 60 |
| Earnings Applicable to Common Stock | $ 9,871 | $ 8,838 | $ 15,707 | $ 20,908 |
| Earnings per share of Common Stock: | ||||
| Basic (in Dollars per share) | $ 0.56 | $ 0.5 | $ 0.89 | $ 1.19 |
| Diluted (in Dollars per share) | $ 0.55 | $ 0.5 | $ 0.88 | $ 1.18 |
| Common Shares Outstanding : | ||||
| Basic (in Shares) | 17,713 | 17,583 | 17,683 | 17,560 |
| Diluted (in Shares) | 17,828 | 17,698 | 17,798 | 17,675 |
MSEX Balance Sheet
2023-06-30CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Statement of Financial Position [Abstract] | ||
| Water Production | $ 287,871 | $ 249,153 |
| Transmission and Distribution | 768,138 | 735,138 |
| General | 99,587 | 97,581 |
| Construction Work in Progress | 36,792 | 53,570 |
| TOTAL | 1,192,388 | 1,135,442 |
| Less Accumulated Depreciation | 225,281 | 214,891 |
| UTILITY PLANT - NET | 967,107 | 920,551 |
| Cash and Cash Equivalents | 4,377 | 3,828 |
| Accounts Receivable, net of allowance for uncollectible accounts of $1,889 and $2,326, respectively | 15,230 | 16,018 |
| Unbilled Revenues | 11,067 | 8,659 |
| Materials and Supplies (at average cost) | 6,426 | 6,177 |
| Prepayments | 3,470 | 2,624 |
| TOTAL CURRENT ASSETS | 40,570 | 37,306 |
| Operating Lease Right of Use Asset | 3,499 | 3,826 |
| Preliminary Survey and Investigation Charges | 2,270 | 2,806 |
| Regulatory Assets | 92,772 | 90,046 |
| Non-utility Assets - Net | 11,449 | 11,207 |
| Employee Benefit Plans | 9,898 | 8,689 |
| Other | 21 | 19 |
| TOTAL OTHER ASSETS | 119,909 | 116,593 |
| TOTAL ASSETS | 1,127,586 | 1,074,450 |
| CAPITALIZATION AND LIABILITIES | ||
| Common Stock, No Par Value | 239,545 | 233,054 |
| Retained Earnings | 171,932 | 167,274 |
| TOTAL COMMON EQUITY | 411,477 | 400,328 |
| Preferred Stock | 2,084 | 2,084 |
| Long-term Debt | 350,446 | 290,280 |
| TOTAL CAPITALIZATION | 764,007 | 692,692 |
| CURRENT Current Portion of Long-term Debt | 17,460 | 17,462 |
| Notes Payable | 23,500 | 55,500 |
| Accounts Payable | 28,265 | 24,847 |
| Accrued Taxes | 10,339 | 12,162 |
| Accrued Interest | 3,098 | 2,535 |
| Unearned Revenues and Advanced Service Fees | 1,476 | 1,365 |
| Other | 3,425 | 3,988 |
| TOTAL CURRENT LIABILITIES | 87,563 | 117,859 |
| COMMITMENTS AND CONTINGENT LIABILITIES | ||
| Customer Advances for Construction | 21,032 | 21,382 |
| Lease Obligations | 3,382 | 3,706 |
| Accumulated Deferred Income Taxes | 85,196 | 77,783 |
| Regulatory Liabilities | 47,400 | 46,734 |
| Other | 758 | 919 |
| TOTAL OTHER LIABILITIES | 157,768 | 150,524 |
| CONTRIBUTIONS IN AID OF CONSTRUCTION | 118,248 | 113,375 |
| TOTAL CAPITALIZATION AND LIABILITIES | $ 1,127,586 | $ 1,074,450 |
Middlesex Water Company owns and operates regulated water utility and wastewater systems. It operates in two segments, Regulated and Non-Regulated. The Regulated segment collects, treats, and distributes water on a retail and wholesale basis to residential, commercial, industrial, and fire protection customers, as well as provides regulated wastewater systems in New Jersey and Delaware. The Non-Regulated segment provides non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. The company was incorporated in 1896 and is headquartered in Iselin, New Jersey.